- Property stock in Celle increases to around 400 units, in the metropolitan region of Hannover-Braunschweig-Göttingen-Wolfsburg to more than 600 units
Eschborn, 02 June 2021 – Die Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK, “Noratis”) “) has acquired yet another residential portfolio in Celle (Lower Saxony). It includes 82 residential units with a total lettable area of around 5,300 m². The transaction was brokered by Jones Lang LaSalle SE within the framework of an exclusive mandate for the seller.
The apartments are located in the southern district Westercelle, within walking distance of the inner city. They are spread across two- to three-storey apartment buildings which were built in 1969 and have a solid building fabric. The properties currently have a vacancy rate of around 8 percent. Through active asset management the attractiveness of the properties is to be increased further for tenants. Accordingly, the vacancy rate is to be continuously reduced.
In Celle, Noratis has expanded its property stock to currently around 400 units altogether. Further Noratis apartments, which were acquired in 2018 and 2019, are located in the Neuenhäusen and Vorwerk districts. Celle is part of the metropolitan region Hannover-Braunschweig-Göttingen-Wolfsburg with around 3.8 million inhabitants in which the portfolio of Noratis now grows to more than 600 units. Apart from Celle, they are located in Braunschweig, Wolfenbüttel and Königslutter.
Leopold zu Stolberg, Head of Investment at Noratis AG: “Celle is an attractive location – not least because of the proximity to Hannover. This is why we have expanded our portfolio on site already for the second time, and we can well imagine to continue to grow in the region.”